Ad
Saturday, June 21, 2025
28.6 C
London

The Voice of Scaffolding Since 2008  |  U.K. Edition

Altrad to acquire Doosan Babcock

- Advertisement -

Altrad has made an agreement to acquire industrial services firm Doosan Babcock Limited

The transaction, which is likely to conclude in quarter three of 2022, marks another milestone in Altrad’s development, whereby it invests in businesses that share its excitement, vision and values and a desire to add enhanced value to its clients.

Altrad’s CEO for the UK, Ireland & Nordics – Padraig Somers said, “We are delighted to welcome Doosan Babcock into the Altrad family. The acquisition represents an exciting opportunity to extend our portfolio of services and enter new markets, whilst enhancing the outcomes we deliver for our clients.”

Pleasingly, this arrangement will encompass approximately 4,000 talented people joining Altrad, wherein they will be valued and encouraged to develop fulfilling careers, to become the best they can be.

Andy Colquhoun CEO of Doosan Babcock added, “We are extremely pleased to be joining Altrad and are confident our business will be well-positioned to grow and develop at pace under the new ownership structure. We believe our collective capabilities and shared vision and values will be attractive to our clients, our people and the communities within which we work.”

 

- Advertisement -

Popular this week >

Industry Unites Behind New Fall Protection Standard

The UK’s fall protection sector has joined forces in...

CITB Publishes Five-Year Workforce Outlook to Tackle Construction Skills Demand

The Construction Industry Training Board (CITB) has released a...

German Engineering Aids Landmark Bridge Renovation in Slovenia

Two major highway bridges near Maribor, Slovenia, are undergoing...

Altrad Raises €1.25bn in Debut Bond Offering Amid Strong Investor Demand

Industrial services giant Altrad has successfully raised €1.25 billion...

CISRS Scaffolding Training Returns to Yorkshire with New Wakefield Centre

After years without a dedicated local provider, Yorkshire has...
- Advertisements -

Related Articles >

Altrad Raises €1.25bn in Debut Bond Offering Amid Strong Investor Demand

Industrial services giant Altrad has successfully raised €1.25 billion through its first-ever public bond issuance, following its recent investment-grade rating from S&P Global Ratings. The Montpellier-based company, known for its work across energy, infrastructure,...

Latest Topics

Altrad Raises €1.25bn in Debut Bond Offering Amid Strong Investor Demand

Industrial services giant Altrad has successfully raised €1.25 billion...

CITB Publishes Five-Year Workforce Outlook to Tackle Construction Skills Demand

The Construction Industry Training Board (CITB) has released a...

German Engineering Aids Landmark Bridge Renovation in Slovenia

Two major highway bridges near Maribor, Slovenia, are undergoing...
- Advertisement -

Popular Categories